Tuesday, 21 March 2017

INDIAN RUPEE opens lower at 65.39 per DOLLAR

The Indian Rupee opened marginally lower at 65.39 per Dollar on Tuesday versus previous close 65.36. The USD-INR pair has been consolidating in a narrow range of 65.30-65.50/Dollar, supported on the downside by importer purchases and intervention. The pair is expected to trade within a range of 65.25-65.45/Dollar for today." The dollar remained in a defensive mode after Chicago Federal Reserve President Charles Evans reinforced the perception that the US Central Bank won't accelerate the pace of its interest rate hikes.

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